ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-17 07:10 CT

Price Action

• Last: 607.25,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 64%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -11%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 32%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 607.25,
• 4. Pvt. Next: Pvt Low 578.75,
• 5. Levels R: 1042.50, 1041.00, 988.50, 866.25, 723.25,
• 6. Levels S: 571.00, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 589.00 Up Trend,
• (Short-Term) 10 Day: 586.25 Up Trend,
• (Intermediate-Term) 20 Day: 609.75 Down Trend,
• (Intermediate-Term) 55 Day: 609.00 Down Trend,
• (Long-Term) 100 Day: 598.75 Down Trend,
• (Long-Term) 200 Day: 585.25 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 12 Jun 2026: Long ZW 07-26 @ 592.75 Signals.USAR-WSFG
• 09 Jun 2026: Long ZW 07-26 @ 590.5 Signals.USAR.TR120

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bearish,
• Long-Term: Neutral.

Key Insights Summary

Wheat is showing a sharp rebound from the early-June selloff, with price reclaiming the 600 area after testing the lower swing-support zone near 571. Short-term structure has turned constructive again, supported by weekly fib strength, a bullish short-term pivot trend, and price pushing back above the fast benchmarks. The intermediate picture remains weaker because June MSFG is still below the midpoint, the 20/55-day benchmarks remain in downtrend posture, and the latest swing sequence still reflects a larger corrective downswing from the early-June high near 679.50. Long-term structure is more balanced, with the yearly fib context still positive but offset by overhead supply and a price pattern that remains below the major recent highs. Overall, the chart is in a recovery phase with a strong bounce, but the broader daily structure is still working through a larger retracement and consolidation beneath prior resistance levels.